A Reuters analysis of the White House’s "Trump Effect" website has found that almost half of the $2.6 trillion in corporate projects showcased by the administration either began before President Donald Trump took office or represent routine capital spending. The site is part of the president’s broader claim that his policies have triggered $14 trillion in new U.S. investment since January. Records and company statements indicate that high-profile projects touted by the administration—including Hyundai’s $5.8 billion Louisiana steel plant, Corning’s $1.5 billion glass facility in Michigan, and LEGO’s $366 million Virginia distribution center—had secured state or local incentives, or were announced, under previous economic development efforts. Several investments also rely on incentives created by the Biden-era CHIPS and Science Act. White House spokesman Kush Desai said Trump’s deregulatory stance and extension of corporate tax cuts have converted "hypothetical discussions into firm investment commitments," calling the president "the greatest closer in modern history." Economists are less convinced. Moody’s Analytics chief economist Mark Zandi said national investment forecasts have barely shifted, adding that Trump’s tariff policies have, if anything, increased uncertainty and cooled spending plans.